Secrets of Swiss Banking Revealed by Former Banker

The New York Times and Reuters reported on Monday, January 17, 2011, that an Ex-Swiss Banker, Rudolf Elmer, has turned over to the whistleblowing juggernaut, Wikileaks, detailed accounts of individuals and companies with whom Mr. Elmer believes are engaged in questionable business practices ranging from tax evasion to “other criminal activity.” This is just another example of why organizations need to do a better job of securing their mission-critical data. Technological disclosures alone will not achieve the desired results. Organizational controls also need to be put in place that address how employees have access to data.